High Yielding 10%+ CBD Investment
15/18 Queen Street, Bendigo VIC
Property Highlights
Long established retailer 50 years+
Renewed 5+5 Year lease
Tenant pays outgoings and GST
Description
Stearns, Bendigo’s principal jeweller.
Showcase Jewellers, a national group of 170 outlets.
Recently renewed 5 + 5 year lease from July 2017 to June 2027.
Large 250 sqm tenancy for personal and on-line retailing, product servicing and production.
Prime corner with aspect to busy pedestrian link between Coles and Myer, next to Officeworks and close to a major car park.
Annual CPI and 5 year market reviews.
Tenant pays usual outgoings and GST as per lease.
Bendigo: A major regional city 150km from Melbourne, with a growing population of 111,783 (June 2016).
Rent: $100,000 pa.
Auction 12 noon AEDT Wednesday 28 February 2018
River Room, Crown Casino, Melbourne
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Retail
Land Size
250 SQM
Building Area
250 SQM